Kiley Corporation had the following data for the most recent year (in millions). The new CFO believes (1) that an improved inventory management system could lower the average inventory by $1000. (2) That improvements in the credit department could reduce receivables by $2000 and (3) that purchasing department could negotiate better credit terms and thereby increase accounts payable by $6000. Furthermore, she thinks that these changes would not affect either sales or the cost of goods sold. If these changes were made, by how many days would the cash conversion cycle be lowered?

			Original		Revised
Annual sales: Unchanged			$110,000		$110,000
Cost of Goods sold: unchanged			80,000		$110,000
Average Inventory			20,000		19,000
Average receivables			16,000		14,000
Average Payables			10,000		16,000